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TOCA

Tocagen

$0.49 /

-0.0596 (-10.94%)

20:14
02/19/20
02/19
20:14
02/19/20
20:14

Tocagen, Forte Biosciences to merge

Tocagen and Forte Biosciences, Inc., a privately held clinical-stage biopharmaceutical company developing a live biotherapeutic for the treatment of inflammatory skin diseases, announced that they have entered into a definitive agreement under which Tocagen will merge with Forte in an all-stock transaction. The merged company will focus on advancing Forte's clinical program in inflammatory skin diseases, including atopic dermatitis. Upon stockholder approval, the combined company is expected to operate under the name Forte Biosciences and trade on the Nasdaq Capital Market under the ticker symbol FBRX. Forte's lead asset, FB-401, is a potentially first-in-class, live biotherapeutic being developed as a topical therapy for the treatment of inflammatory skin diseases, including atopic dermatitis. In a Phase 1/2a trial in adults and pediatrics, FB-401 demonstrated significant efficacy and a favorable safety and tolerability profile. The full trial results will be submitted for publication in a peer-reviewed journal in the first half of 2020. A randomized Phase 2 trial is planned to commence in mid-2020 in adults and pediatrics with atopic dermatitis, providing an expected data readout in mid-2021.

TOCA Tocagen
$0.49 /

-0.0596 (-10.94%)

09/13/19 Citi
Tocagen downgraded to Neutral from Buy at Citi
09/13/19 Chardan
Tocagen downgraded to Neutral from Buy at Chardan
09/12/19 B. Riley FBR
Tocagen downgraded to Neutral from Buy at B. Riley FBR
09/12/19 Ladenburg
Tocagen downgraded to Neutral from Buy at Ladenburg

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